Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 578

Relating to: financial exploitation of vulnerable adults.

By Representatives O'Connor, Macco, Katsma, Armstrong, Donovan, Nedweski, Steffen, Callahan, Magnafici, Rozar, Melotik, Wittke, Maxey, Penterman, Behnke, Rettinger, Mursau, Bare and Dittrich; cosponsored by Senators Quinn, Testin, Ballweg and Marklein.

October 31, 2023        Referred to Committee on Financial Institutions

November 01, 2023    Public Hearing Held

Present:       (8)        Representative Duchow; Representatives O'Connor, Allen, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.

Absent:       (0)        None.

Excused:     (2)        Representatives Katsma and Doyle.

Appearances For

·      Representative Jerry O'Connor - 52nd Assembly District

·      Representative John Macco - 88th Assembly District

·      Sarah Wainscott - Wisconsin Credit Union League

·      Lorenzo Cruz - Wisconsin Bankers Association

·      Gary Kuter - Wisconsin Bankers Association

·      Deb Bartolerio - First Citizens State Bank

·      Melissa Teeter - Horicon Bank

·      Karen Schellin - Johnson Financial Group

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Senator Romaine Quinn - 25th Senate District

·      Senator Pat Testin - 24th Senate District

·      Julie Phillips - NAIFA - Wisconsin

·      Jennifer Haydon - American National Bank

·      Lori Ruch - National Exchange Bank & Trust

·      Lenore Breit - Prevail Bank

Registrations Against

·      None.

Registrations for Information Only

·      None.

December 05, 2023     Executive Session Held

Present:       (9)        Representative Duchow; Representatives O'Connor, Allen, Katsma, Murphy, Petryk, Rettinger, J. Anderson and Jacobson.

Absent:       (0)        None.

Excused:     (1)        Representative Doyle.

Moved by Representative Rettinger, seconded by Representative Petryk that Assembly Bill 578 be recommended for passage.

Ayes:     (7)     Representative Duchow; Representatives O'Connor, Katsma, Murphy, Petryk, Rettinger and Jacobson.

Noes:     (2)     Representatives Allen and J. Anderson.

PASSAGE RECOMMENDED, Ayes 7, Noes 2

______________________________

Dan Hubert

Committee Clerk